Cyclical Unemployment Caused by Fluctuations
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
Cyclical Unemployment Caused by Fluctuations
- If the real rate of interest is 2% and the rate of inflation is 3%, what is the nominal rate of interest, the rate that people see advertised? (Points: 5)
-1%
1%
5%
6%
2. The business cycle is: (Points : 5)the term used to describe fluctuations in output around its long-term trend.
the length of time required by a firm to buy inputs and produce and sell output.
the pattern of increases and decreases in the inflation rate.
regular and predictable.
- Cyclical unemployment is caused by fluctuations in economic activity. (Points : 5)
True
False
- Prior to the Industrial Revolution (pre-industrial society), unemployment was not generally considered a social problem because: (Points : 5)
there were no fluctuations in how much people spent so there was nothing similar to recessions.
a reduction in spending would cause wages and income to fall rather than unemployment to rise.
governments, influenced by religious values, provided jobs to anyone unfortunate to be unemployed.
employers before the Industrial Revolution generally offered workers lifetime contracts and rarely dismissed them.
- The size of a country’s underground economy will affect its reported gross domestic product. (Points : 5)
True
False
- The reason economists include only the value of final goods and services when they calculate GDP is that intermediate goods: (Points : 5)
do not create value added.
do not add to economic welfare.
have no social value.
would be double counted otherwise.
7. The largest expenditure component of GDP is: (Points : 5)consumption.
investment.
net exports.
government spending.
- If a country’s real GDP and population are, respectively, $500 billion and 200 million, then its per capita real output is: (Points : 5)
$250.
$1,000.
$2,500.
$10,000.
- During the business cycle, an economic expansion occurs: (Points : 5)
at the peak of the business cycle.
at the trough of a business cycle.
in between the peak and trough.
in between the trough and peak.Cyclical Unemployment Caused by Fluctuations
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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